The prices in real estate in Ridley Park, in the Pennsylvania region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Ridley Park has increased strongly during the last 6 months. In April, the average price per sq.feet was $153. In May this price pretty much remained the same at a value of $156 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 1644 %. The price per sq.feet has had a considerable increase of 212 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,347.5 to $2,860 during August, and September.
Based upon to the price in Ridley Park (cities), these have remained the same in the last 6 months. The average price for April is $221,492. During May the price had a slight fall till $204,900. In the following two months the average price has remained the same with regard to the previous two months from $213,196 to $210,250. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $240,471 they are 13 % more affordable than the average price for Ridley Park. The properties with the highest average price have 2 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 1 bedroom priced at $216,389.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $95 / sq.feet, with an average $5,567 / sq.feet price in Ridley Park. The properties with the highest average prices have 2 bedrooms. They are 2919 % more expensive than the average followed by properties with 1 bedroom with a price at $115 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $240,471 it is 13 % cheaper than the average price in Ridley Park. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Commercial Property". At a price of $252,302 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $95 / sq.feet followed by "Commercial Property" priced at $86,640 / sq.feet. "Detached House" is the most costly type of property with a $165,225 / sq.feet cost followed by "Commercial Property" with an average price of $86,640 / sq.feet.